Take Action I — Move Your Money Out of Local Banks

“Until the great mass of the people shall be filled with the sense of responsibility for each other’s welfare, social justice can never be attained.” – Helen Keller

It is obvious now Bank Negara is protecting the local banks by raiding Genneva Malaysia Sdn Bhd. Even conventional gold shops are affected. While Genneva thrived, Poh Kong Holdings Bhd’s pre-tax profit for the first quarter ended Oct 31, 2012 fell to RM15.899 million from RM25.822 million in the same quarter last year – view http://bit.ly/R5Z5vG

Our appeals fell on deaf ears. Time we took action. It’s almost Christmas and New Year 2013. Till today, BNM is SILENT on returning the gold and money to the rightful owners. We are NOT going to take this robbery in broad daylight sitting down. Enough is enough!

There are many other ways to protest and this is what we CAN DO. You can move your money out of the local banks. Think of the message this will send to Bank Negara — and to Barisan National, the government of the day. Customer Is King — and People Are The Boss.

Could a major run on the banks seriously damage them? It depends on how seriously people take this idea. It depends on YOU as an individual to make the impact collectively as a people.

Here’s what you do:

Open a bank account at a foreign bank in Malaysia; e.g. Citibank, HSBC, SCB, OCBC, UOB.

Move your money there via bank transfer.

Leave RM10 in your local bank.

Tell your local bank you are a Genneva customer and you want your gold and money back from BNM. In addition, say, perhaps you will bank with them again when you get your assets back.

Get support — tell your family, relatives and friends to do the same. Say, I’m doing this for my relative/friend who is a Genneva customer ruined by BNM.

If people decided they were no longer going to bank at local institutions, then those banks’ days would be numbered. They all depend upon the money of the so-called “small people” (you and I) to give them the cash to play with in their hedging games, their structured derivative plays, etc.

It could all be a fantasy, the idea of taking down the local banks, but then, it’s really a cost-free thing to attempt.

Like the idea? Don’t just “like”. DO IT. Move your money from local banks to foreign banks in Malaysia TODAY.

“Until the great mass of the people shall be filled with the sense of responsibility for each other’s welfare, social justice can never be attained.” – Helen Keller